Great Portland sees value jump

Great Portland Estates, the West End focused property developer, said the value of its portfolio rose 1.4 per cent excluding acquisitions and disposals in the third quarter as it saw an increased level of demand for its retail assets. Net asset value per share for the period was 430p at 31 December 2012, up 11.4 per cent on the previous year, driven by growth in rental values of 0.7 per cent.